ETC Group appoints Chanchal Samadder as Head of Product

Author

Press Release

ETC Group appoints Chanchal Samadder
as Head of Product

Author

Press Release

10^th October, 2023. London, UK – ETC Group is pleased to announce the appointment of Chanchal Sammadder as Head of Product to help grow the firm’s existing product suite as well as design and implement institutional-grade investment products.

Chanchal joins ETC Group having covered senior product and strategy positions at abrdn, Lyxor (Amundi), Blackrock, and UBS, where he gained experience in the European ETF / ETP market. As Head of Product, he will be responsible for developing the firm’s global product strategy while also focusing on growing existing products. As a key member of the senior management team, Chanchal will report to CEO Tim Bevan and will be based in London.

Tim Bevan, CEO, ETC Group, commented: “With many years of experience in the European ETF/ETP market and a proven track record of building successful, innovative products, Chanchal is a great addition to ETC Group. He has a deep passion for digital assets and blockchain technology and we’re confident that he will play a key role in managing the company’s existing suite of products as well as developing new product strategy with oversight of all aspects of the product lifecycle.”

Chanchal Sammadder commented: “With the next wave of investment into crypto and digital assets expected to be institutionally led, I’m excited to be joining ETC Group at this pivotal moment for the company and for the industry”.

About ETC Group

ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets' and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.

With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, the company aims to continuously launch best-in-class institutional-grade exchange traded products.

As a company, ETC Group has previously launched BTCE - the world’s first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and also listed DA20, the world’s first crypto ETP tracking an MSCI index signalling a move towards investment management products. DA20 provides broad market exposure to investors by tracking an index of 20 cryptocurrencies which cover 85% of the total crypto market capitalisation.

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